It’s time for another Coral free bet offer. It’s The Open Championship 2014 this week hosted at Royal Liverpool with a cool £975,000 on offer for the winner. Phil Mickelson is defending champion after his first Open Championship title last year. Simply place a pre-tournament £10.00+ Win Single bet on The Open Championship Outright market and get a free £10.00 in-play bet to use on the same tournament. Translated into matched betting terms, this gives us a minimum guaranteed profit of £7.00 and here’s how…
Qualifying bet:
If you’re new to matched betting, check out my Qualifying Bet Strategy page for a walkthrough guide on how to place qualifying bets. Having looked at the odds available, I’ve decided to place my qualifying bet on Adam Scott.
Place £10.00 on Adam Scott @ 17.00 = Potential profit of £160.00.
Lay £9.47 on Adam Scott @ 18.00 = Potential liability of £160.99
Let’s have a look at our current potential profit/loss for the two outcomes…
| Adam Scott wins | +£160.00 – £160.99 = £0.99 loss |
| Adam Scott doesn’t win | -£10.00 + £9.00 (£9.47 minus 5% commission) = £1.00 loss |
So regardless of the outcome, we will lose a maximum of £1.00 in order to claim our £10.00 in-play free bet.
Free Bet:
Our account will be credited with the free bet once The Open Championship tees off on Thursday and expires at the end of the tournament on Sunday. By using straightforward matched betting, we should be able to extract at least 80% of the free bet (see my Free Bet Strategy page), so approximately £8.00. If we take into consideration our initial maximum loss of £1.00, we should make a guaranteed minimum profit of £7.00 on this offer.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.